Reviews the fund's year-to-date operating performance, model response framework, and risk control approach in a higher-volatility market environment.
Recaps the listing ceremony and investor roadshow for the fund, highlighting its model-driven approach to capturing excess return opportunities in US technology equities.
Reviews the fund's performance since launch, where its excess return came from, and the team's 2025 outlook across Chinese technology and innovation-driven industries.
Reviews the continued strength of US technology equities, the broadening AI trade, and the structural volatility that remains supportive for systematic allocation.
Reviews May market leadership in AI, the shift toward earnings validation, and the fund's medium-term view on application ecosystems and innovative healthcare.
Reviews the rebound in US growth equities, the renewed focus on AI earnings visibility, and the way quantitative strategies adapt to fast-moving sector dispersion.
Reviews the repair in global risk assets, the extension of the AI value chain, and the fund's constructive view on long-term opportunities in technology and biotech.
Reviews March's geopolitical and macro-driven repricing, the limits of trend-only positioning, and the opportunity set created by persistent volatility and rotation.
Reviews the March shock from geopolitical conflict, energy price volatility, and AI sector rotation, together with the fund's focus on long-duration growth and innovation.